Illinois
Merchants Capital Expands to Chicago
Mortgage banking company Merchants Capital has opened a production office in Chicago, located at 131 S. Dearborn St. in the Loop. Lee Oller (pictured) has… Read more
Monarch Closes on LIHTC for Sheboygan, WI Adaptive Reuse
Monarch Private Capital (MPC) has closed on low-income housing tax credit equity (LIHTC) for Badger State Lofts, a $28-million mixed-use residential… Read more
Class A Office Demand Stays Strong in Chicago’s Suburbs
In common with other office markets, suburban Chicago is seeing a flight to quality. Although leasing activity in the suburbs… Read more
Greystone Arranges HUD Loan for New Build in Metro Detroit
Greystone has provided a $17,665,500 HUD-insured loan to finance the new construction of 409 on Nine, a 127-unit mixed-use property… Read more
POAH Expands Chicago Footprint with 6 HUD-Financed Senior Facilities
Boston-based Preservation of Affordable Housing (POAH) is acquiring six senior housing facilities financed by HUD and previously or currently owned… Read more
Eisenberg Challenge Winners Reimagine Former Big Box Space
Teams from Marquette University and the University of Illinois at Urbana-Champaign took home top honors at the ninth annual Harold… Read more
FHA Lending Veteran Returns to Draper and Kramer
Draper and Kramer has hired Jacob Vial as SVP in the company’s commercial finance group, overseeing FHA/HUD lending for multifamily and senior… Read more
Chicagoland Chamber Gives Thumbs-Up to Lakefront Mega-Project
Landmark Development’s proposed One Central transit hub and mixed-use development would generate $120 billion in tax and fee revenues over… Read more
Penny Pritzker Offers $10M Prize to Boost Local Development
The Pritzker Traubert Foundation has launched the Chicago Prize, which will award $10 million in grant money to a development… Read more
Connect Chicago Highlights CRE Opportunities and Market Changes
Chicago is continuing to draw investors, developers and large-scale office tenants amid a 10-year economic expansion cycle. It’s also a… Read more
RPAI Completes Redevelopment of Historic Wilmette Center’s Apartments
Retail Properties of America, Inc. (RPAI) has completed the redevelopment of 18 apartment units at the historic Plaza del Lago… Read more
CBRE Adds Two to Occupier Advisory Group
Liz McCleary has been named VP and Dru Garcia senior associate for CBRE in its Chicago occupier advisory & transaction services group.… Read more
Google Walks Away from Deal for Retail Flagship
A 14,000-square-foot space in the Fulton Market District that Google sought to occupy for its first flagship store is back… Read more
Skender Partners with Z Modular to Fabricate Apartment Components
Skender has signed an agreement with Z Modular, a division of Zekelman Industries. The agreement entails using Z Modular’s self-bracing… Read more
Berkadia: Student Housing & Opportunity Zones
Opportunity Zones and their properties might conjure up visions of lower-income housing or retail establishment in and around urban cores.… Read more
Belgravia Names Co-CEOs as Lev Transitions to Chairman
Chicago-based residential developer Belgravia Group, Ltd. has made leadership team changes, as CEO Alan Lev transitions to chairman and David Goldman and… Read more
Meridian Design Build Launches Industrial Project for Amylu Foods
Meridian Design Build recently began construction on an 84,000-square foot USDA meat processing plant for Amylu Foods in the heart… Read more
AFIRE Survey: Can Strong U.S. CRE Fundamentals Outweigh External Risks?
Global investors generally remain confident in a strong U.S. economy, solid real estate market fundamentals, and continued capital inflow to… Read more
Waterton Hires Matt Mering as Hospitality EVP
Waterton has hired Matt Mering as EVP, hospitality. The announcement comes shortly after Waterton’s strategic alliance with Waterford Hotel Group, a… Read more